Rockefeller Capital Management L.P. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Rockefeller Capital Management L.P. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 478,124 shares of the conglomerate's stock after selling 161,217 shares during the period. Rockefeller Capital Management L.P. owned about 0.07% of Honeywell International worth $107,958,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA lifted its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after purchasing an additional 2,611 shares during the period. World Investment Advisors raised its stake in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after buying an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. purchased a new stake in Honeywell International during the fourth quarter worth $361,000. Costello Asset Management INC bought a new stake in Honeywell International during the 4th quarter valued at $3,092,000. Finally, Schroder Investment Management Group increased its holdings in shares of Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after acquiring an additional 10,092 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HON shares. Citigroup dropped their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Hold" and a consensus target price of $242.15.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $1.44 during trading on Tuesday, hitting $198.81. The stock had a trading volume of 2,808,029 shares, compared to its average volume of 3,629,211. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a market capitalization of $129.21 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The stock has a 50-day simple moving average of $206.83 and a two-hundred day simple moving average of $216.43.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.27%. Honeywell International's dividend payout ratio is presently 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company's stock.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.